She Leads Africa

5 Reasons Why Your Budget Is Not Working

Sis, let’s be real. Since you created that budget, you probably haven’t used it more than once or twice. If you are like me, you sat down when you were extra broke and created that “wonderful” budget that accounted for every single thing- including chewing gum. Once you got a little money, you forgot all about it. I know it is tempting to spend. Most of us have the spending bug somewhere in our systems but we must learn to control it. Here are 5 budget mistakes and tips on how you can fix them. You made it too generic So, remember how you went online to download xyz’s budgeting template and never bothered to make it suit your own spending habits? Yeah, this is a common budget mistake. On a general level, we may have the same basic needs- food, housing, transport- but Akosua from Ghana’s expenses can never be the same as Sheryl’s from Houston.  You have to modify your budget according to your location, lifestyle, and personal needs. Should you be budgeting for a gym membership when you work out at home right now?  You do not have your day planned “What is the connection between planning my day and budgeting my expenses?” You may be wondering.  Planning your day helps you recall those activities that will eventually require you to spend. Create a daily plan around work, chores, cooking, and transport and see if that impacts your budgeting. Your budget is set in stone Ah, this one. I’ve been guilty of this too many times to count. I would piously create the most frugal budget known to man and then wonder why I was so miserable after. See babe, budgeting like every other planning endeavour, ought to make your life simpler. Create a realistic budget that factors in enjoyment. That aspect of your life is hella essential too! The danger of creating a frugal budget is that at 2 AM one day, you may snap and treat yourself to natural hair products you don’t even need. At the beginning of each month,  add a treat to your budget- a book you want to read, fancy skincare stuff, bralettes, etc. Pick one thing and treat yo self! You have not adjusted your budget in forever You still have the same budget since last year and you wonder why it is not working for you. If you work from home or you are bored in the house, bored in the house, bored, I am guessing that certain expenses are on pause while others (like grocery expenses) are being incurred.  If this is true for you, then you obviously should not budget the same amount that you did for transportation last year. Evaluate your budget at the beginning of each month to see if it is realistic to your current lifestyle.  You have barely used it since you created it This is another common budget mistake you could be making. What is the use of having a budget if you won’t use it? If you barely use the budget after creating it, consider setting a good ol’ reminder for checking your budget. And girl, when that alarm goes off, make sure you check, okay? Join our community of young, ambitious African women to step up your budgeting AND money game! 

4 Simple Things You Can Do Every Day To Upgrade Your Leadership Skills

Leadership is one of those concepts that everyone loves to talk about but can’t quite define. You know what it is when you see it. As a young woman entering the workforce, you will have opportunities to lead over the course of your career. When that time comes, we want you to be ready. Here are four tips that will help you to become an effective leader. 1. Listen to others’ ideas Great listeners make outstanding leaders. Listening will help you understand the pains and opportunities in your company. The people that you work with are there for a reason. They have expertise and talents that are valuable. Listen to and value their perspectives. Having open conversations with them will spark invaluable ideas and teach you a thing or two. Don’t be too quick to dismiss their recommendations. Yes, you are the boss, but that doesn’t mean you have a monopoly on positive contributions. Listen to advice from other leaders even if they are not in the same industry that you are in. This Forbes read provides even more insight on effective listening and leadership.  2. Hold yourself accountable As a leader, you are accountable not just to yourself but to your team and client base. The decisions you make have consequences that don’t just affect you. If you fail to communicate effectively with your team, for example, business operations are negatively impacted. When you stop being accountable, inefficiencies arise. This will greatly hinder the fulfillment of the company’s vision. 3. Respect those who work with you This is a basic concept that we all learned as children. Treat others exactly how you would want to be treated. Talk to your team members like the smart adults that they are. There is absolutely no need to be condescending, dismissive and rude to them. Trust me, being an aggressive leader doesn’t scare employees into respecting you. It certainly doesn’t do their morale any favours. If you want them to do their best work, then you simply have to respect them. Remember that arrogance has never looked attractive on anyone. It only prevents people from helping you. This read on How to Earn Respect as a Leader provides more insight.  4. Get your hands dirty Working with your team is important. You can’t build a brand by eating, sleeping, and breathing delegation. Monitor the company’s social media channels. Respond to inquiries. Do the work that your team typically does on a daily basis. This will provide you with an opportunity to experience firsthand the challenges that they deal with. Understanding this will give you valuable insight and inform your strategic decisions. It will also show your team that you are not afraid to roll up your sleeves and get the work done. Try these 5 Tips For New Team Leaders. Your personal leadership style will undoubtedly evolve over time. However, having strong principles and knowing the type of leader you’d like to be can help get you started on the right path.

What Every Career Woman Can Learn from These Black Iconic Women

It can be challenging to navigate the professional world. Especially while trying to find yourself in your career journey.  However, there are many black women who have come before us and blazed trails. They prove that anything is possible with hard work and determination.  Mo Abudu highlights the importance of pursuing a career you love, while Dr. Nkosazana Dlamini-Zuma emphasizes the importance of self-confidence. Lupita Nyong’o encourages women to stay true to themselves and never let anyone dim their light. Phumzile Mlambo-Ngcuka motivates women to believe in their abilities and not let anyone tell them they can’t do something. Finally, Wangari Maathai inspires women to stand up for their rights and encourage others to do the same. Here are six quotes from some of the most renowned black women in Africa. Wise words that every career woman can learn from. “Success is not the key to happiness. Happiness is the key to success. If you love what you are doing, you will be successful.” – Mo Abudu, Nigeria Mo Abudu is a Nigerian media mogul and philanthropist. She has made a name for herself in the media industry. Her quote emphasizes the importance of loving what you do in order to achieve success. Pursue a career that you’re passionate about.This will keep you motivated to work hard and achieve your goals.   “You have within you right now, everything you need to deal with whatever the world can throw at you.” – Dr. Nkosazana Dlamini-Zuma, South Africa Dr. Nkosazana Dlamini-Zuma is a South African politician. She is also the first woman to lead the African Union Commission. Her quote emphasizes the importance of self-confidence and believing in your own abilities. Trust yourself and your abilities in order to achieve your goals. “Stay true to who you are, and never let anyone dim your light.” – Lupita Nyong’o, Kenyan-Mexican actress and producer Lupita Nyong’o is a Kenyan-Mexican actress and producer who has made a name for herself in Hollywood. She has won numerous awards for her acting, including an Academy Award for Best Supporting Actress. Nyong’o’s message is to stay true to who you are and never let anyone dim your light. Embrace your uniqueness and let your light shine bright. “Don’t let anyone tell you that you can’t do something.” – Phumzile Mlambo-Ngcuka, South African politician and UN Under-Secretary-General, South Africa Phumzile Mlambo-Ngcuka is a South African politician and activist who has been a strong advocate for women’s rights throughout her career. She served as the Deputy President of South Africa and is currently the United Nations Under-Secretary-General and Executive Director of UN Women. Mlambo-Ngcuka’s message is clear: don’t let anyone tell you that you can’t do something. With hard work and determination, anything is possible. “The beauty of standing up for your rights is that others see you standing and stand up as well.” – Wangari Maathai, Kenya This quote by Wangari Maathai, a Kenyan environmental and political activist, can inspire career women to be confident and vocal in advocating for their rights and the rights of others. By standing up for themselves, they can encourage others to do the same and create positive change in their workplaces and communities. The professional world can be challenging, but these six quotes from renowned black women in Africa provide guidance and inspiration for every career woman. These wise words remind us that with hard work, determination, and self-confidence, anything is possible in the professional world.

New Year starter-pack for every business owner

For the umpteenth time – Happy new year all! We are still super excited about 2023, and all the dopeness its about to bring all of us! Before business activities get into full gear, It’s important to decide how you will be doing business this year. [bctt tweet=”Look back at where you have been, where you are and on to where you want to be. ” username=”SheLeadsAfrica”] Choose what to improve, continue or probably stop doing, it’s important to go through the year consciously. Here’s a routine to help you get your business off to a good start… 1. Review your financials to determine how well your business is doing or not doing…Take a close look at your financial records and ask yourself these questions. Is my business making profit or loss? Is my cash flow positive or negative? Do I have loans from the business to repay?   2. Review your business operations How have you been delivering goods/services to your customers/clients? What can you do to improve on that? How will your business serve customers/clients better this year? These are questions you need to ask yourself and provide answers to, before moving forward. 3.  Review your customer base, profile your existing customers, determine the ones that bring in the most income and the ones that can potentially bring in more.  With this information, you can get more out of the market, and you’ll be able to know what kind of customers you should be advertising more too, how you can provide more value and sell more to them.   4. Service your most vital equipment(s), put them in order. This can be a good way to reduce sudden breakdowns during the year.   5. Sort out your personal/ company taxes; so many opportunities these days are tied to taxes, its best to have it sorted so you don’t miss out on great opportunities.   6. If you did not already do this at the end of the previous year, create your vision for the year ahead (you can do this using a vision board); based on your vision, set goals, write down your action plan and ways you intend to implement these plans as you go through the year In all, stay positive, keep an open mind and don’t start the year without a plan. Cheers to a great business year! Got a business experience to share with us? Share your experience with us here.

Traits to Consider Before Settling on a Business Partner for your startup

You have been working for five years, in this time you have set out a plan to help you become a Motherland Mogul. The plan is getting into the business. You have gone as far as saving up for a couple of years to finance your to be start-up. Recently, you have been toying around with various business ideas, the idea that encompasses both your passion and need to make some extra cash on the side wins. You have looked at the various ways you can implement this business idea and realised you need a partner to do so. This could be because you are a good accountant but for the business to be a success you need a partner who will be the face of the business. Or you are the sassy lady who is good at communication and drawing in the customers, and a manager is needed to make sure all that money you are raking in is properly managed. So currently the idea and the money are in place the only thing that remains undone is getting a business partner on board. What are the things that you should consider to ensure you end up with the right person as a partner in your business? Sharing the Vision of the business. At the beginning, the business is usually just an idea. If implemented correctly, it could impact your lives and those of your clients tremendously in a positive way. The person or people you choose to work with as partners in the business must own the vision of the business as much as you do. If your partner does not agree with you on the levels to which you want to take the business. They will always have negative vibes on the job that will result in your business losing money. A partner is part of management, and if they are pessimistic with regards to the business, the employees will notice and get demoralised. The vision is the business. It’s what positions you strategically against competitors. It is thus a prerequisite that before you decide to partner with someone on a business, be in sync on where you see the business going to in three months’ time or in five years’ time. Honesty and Transparency Honesty is a virtue that is a must-have in business. Individuals who are shrewd and unscrupulous ruin your business. You could have been saving for a really long time to start off this business or you got a loan from your bank to get it running. Therefore, you cannot afford to lose the money or destroy your business name. It is therefore necessary to vet the person you intend to partner with. Inquire into the person’s character from others who have worked with them prior to you considering to partner with them. If the feedback is positive you have a partner. If not, find your business train another station to disembark, as this one is a definite NO! Hard work and Resilience Start-ups are a mountain to climb on their own. The faint-hearted cannot survive this climb. Setting up a business from scratch is not a walk in the park. A partner will share in the business profits. This means they have to put in the work and the time needed to get the business to the top in your chosen field. There are qualities that you will compensate for each other but working hard and smart is not one of them. One could be unquestionably talented but if they never take time to create and get their skills or work to the market no one will ever know of their talent. Moreover, if you partner with a lazy person you will shoulder the whole burden of the business which beats the logic of having a partner in the first place. Resilience is also key in your partner. Quitters run at the first sight of trouble. With new businesses, you will meet challenges that you never anticipated at the start of your journey. This will not mean that you quit. Overcoming this challenges is exactly what you will need to do to solidify your position in the market.

Your ultimate guide to starting and ending the year strong in 2023!

It’s 2023! Whoo hoo… It is not a year to rest on your oars, not a year to be complacent because of the level of success you have achieved so far, it is a year for doing more. There is still much work to be done no matter what your life vocation is. This year is bringing you a new opportunity to start (if you are yet to join the moving train of achievers), and to get better at what we do for our best is yet to come. The following steps will set you on the path of getting more done this year.   If you know what you want, you will get it easily: Brain Tracy quote aptly puts it this way, “People with clear, written goals, accomplish far more in a shorter period of time than people without them could ever imagine”. I will put the emphasis here on “clear”-you are very sure what it is you want to achieve, you are not indecisive, thus, when you spot an opportunity that links to what you desire, you grab it with your two hands. Focus: You might have given yourself a pat on the back for the various feats you accomplished last year and this year you have so many ideas and you just want to execute them all at once. This might not turn out well and will slow down your productivity. It is important to balance your creativity with wisdom. Not all your beautiful ideas will fly so focus on your competitive advantage (that which you do so well or makes you stand out). See Success as a journey rather than a destination: When you see success as a destination, not only will you be tempted to wait for it to happen instead of working towards its achievement, but there is also the danger of being complacent. After the achievement of one goal, there should be the desire to get another. So don’t spend all your time trying to achieve one thing. Get it done and move on. Stop procrastinating Most of us are guilty of this habit. We push off what we are supposed to do now to a later time, and before you know it, it’s the year 2024. You don’t want to wake up tomorrow and you are a 105 years old; that dream you had when you were fifteen is still in your heart unaccomplished and you will know you have not lived because you will not feel fulfilled. Start working on that dream now so you don’t have regrets tomorrow. Be accountable: Arese Ugwu the author of the smart money woman in the acknowledgment page of the book mentioned that Steve Harris played a huge part in helping her finish the book in time-he kept checking up on her to make sure she was committed to writing her book. I believe if she hadn’t been accountable to him, she would not have finished the book at the time she did. There is this thing about the right time. If the book had not been published at the time it was perhaps the doors she said the book opened for her would not have happened. Find someone you can be accountable to especially if you are not naturally self-motivated or goal-oriented.   Stay close to your inspiration: Life is not a walk in the park so are your dreams or things you desire to achieve. You need to stay inspired to reach the finishing line. Read articles regularly here on SLA, you will find stories that will help you learn from other people’s experiences so you can navigate your world better. Attend seminars and conferences aimed at making you improve the way you do things, watch movies that will motivate you, and surround yourself with people who can talk you up just when you need it.   Be flexible: You don’t have to stick to one thing or one strategy if things are not working as expected. This year is for getting things done so don’t get stuck, find a new way for life is full of options. Oprah Winfrey puts it this way “Do what you have to do until you can do what you want to do.” I look forward to a greater you this year 2023!  

Managing Employees While Protecting Your Business

Running a business comes with a huge burden of managing people. After all, every business problem they say, is a people problem. The demands of a growing business are burdensome and health draining in some cases where the business owner acts as the finance manager, marketing manager, procurement manager, customer service representative, and so much more. Doing all these and hiring the wrong team members puts you at the risk of losing the business in its entirety. But, when done right, employee management can actually unlock an enormous amount of human potential. Below, we’ll look at some tips on how to set your business up for success. 1. Create functional systems (it’s not as difficult as it sounds). The temptation to micromanage employees can be strong, especially for entrepreneurs who are accustomed to having complete control over all aspects of their business. However, I recommend establishing a set of standards and expectations so that constant supervision is not required. When on boarding and training new employees, your priority should be to halt your input as soon as possible thereby ensuring proper training to help them succeed. That means having clear expectations and channels of communication with people who don’t necessarily need you to function is critical. Set up standard operating procedures for the entire business, beginning with the DOs and Don’ts that form your policy, the expected standard of production and service delivery for each department documented on paper, your mission, vision, and values, your target for the year, month, or quarter, your product description and in-depth value for knowledge selling, and a documented job description. (For example, tell your employees to write down what they do on a daily basis, review them, and add things you want them to do on a daily, monthly, or quarterly basis). The advantage of standard operating procedures is that they allow you to control your service standards, see your business in writing, and make adjustments as things change. 2. Be the type of leader you want to see in your employees Employees look to their leaders for guidance on how to think and act in the workplace. Try to model the behaviours you want to see in your employees and be consistent. Modelling consistency and integrity will earn the respect of your team and show them how they can earn your respect. Your responses to customers, vendors, and employees shape their behaviour, especially when things don’t go as planned. Reacting angrily or inconsistently to customers implies that employees can do the same. Your management approach must be consistent before it can be effective. Employees know when management fails to act consistently or fails to hold themselves to the same standards as their subordinates. Don’t forget, your employees reflect your personality and character.   3. Help your Employees grow The skills that your employees bring to you are merely generic and basic, not streamlined to your business. You owe them training, direction, feedback, and assistance. If they were the best, they just maybe somewhere better. Involving them in the big-picture goals of the company helps them feel like they can grow at your business, no matter how uneducated or inexperienced they are. Don’t be concerned about them leaving after you train; what matters is the quality of service they provide while they are with you. Learn to promote high-performing employees. Keep no one on the same level for too long. Help them see career advancement in your small business and don’t take them for granted. Don’t undervalue what your employees already know about your company and what they can contribute or even do after they leave. 4. Create a workplace culture. Forget the English, Let me explain… When it comes to employee management, developing a strong workplace culture is your best bet for attracting top-quality applicants, retaining great employees, and increasing productivity. It starts with implementing your core values and ensuring compliance. Don’t just pick an employee of the month based on the amount of gossip given to you, or how they are protecting the wrongs of the business. When you present awards, tell all of the employees exactly what the employee did and how it relates to the milestones you want your company to achieve. Make it a habit, and other employees will see how they, too, can make meaningful contributions. Hiding performance metrics because you believe they aren’t paying attention is risky for your business. If there are milestones, let them know, if It’s a difficult time, let them know. Don’t just say it verbally show them evidence. You’re likely to have more committed employees this way. There’s a lot of things you can do: Reimburse people when they spend their money, provide them with tools and resources needed for the job. Buy lunch when you can and sponsor office hours’ activities. These show employees that you don’t just care about the work they do but that you value them. 5. Know the business you’re in charge of Only expertise can win authority. I’ve seen business owners cry because a certain employee took their trade secrets and customers with them. You must understand the business you manage. Be the best hairstylist or nail technician in your store while you have others. This will allow you to review what other stylists have done and retain your customers regardless of what the rest knows. Don’t limit yourself; learn everything, or at least a portion of what you manage, and your employees wouldn’t take you for granted. 6. Protect your business Have you been a victim of your employee leaving with your trade secrets, database, confidentiality information and more? Either converting them for personal use or giving to a competitor? This is a regular situation with small businesses of course MSMEs are not left out but its prevalent with smaller businesses. What can you do? Decentralise your business. Never have one employee take charge of production, operations, finance and customer relations etc. I know you have a slim budget, but you’re safer in the long

HGCP 2022 Participants: Chioma is bringing pride in owning African made products

Born in a family of three. Raised by a strong and entrepreneurial woman. Meet Chioma Ukpabi, the founder of Kahdsole Designs, a woman that knows what starting from the bottom means. She is a young woman who prides herself in changing the narrative about made in Nigeria products. Chioma is one of the High Growth Coaching Program’s finalists . We sat her down for a conversation and here is what she had to say.   “Opening my inbox and seeing mails from young ladies across Africa who write to me about the inspiration they get from me keeps me inspired to always want to keep going.”  – Chioma Ukpabi   Tell us a bit about yourself and how did you get to this point? I was born in Owerri, Imo State and was raised by my late grandma who was a business woman. I had my basic education at Lighthouse Startright High School and did my tertiary education at Bowen University. Growing up with my grandmother made me love and appreciate entrepreneurship. That is why after school I decided to launch my own company with the little savings I had instead of waiting for a job. The journey hasn’t been all rosy but we keep thriving. I used to shy away from people when I was younger but now entrepreneurship has brought out the extrovert in me. Have you always been entrepreneurial, what led you to taking that first step and setting up your own business?  Share your journey. I didn’t want to be an entrepreneur but after my university education, I couldn’t sit around waiting for a job. So I had to make use of the knowledge I got from my grandmother who was a successful business woman to kickstart my brand and there has been no regret ever since.   What would you say has contributed to the success of your business? Always showing up even when I feel less motivated and utilising all platforms I have access to sell our brand. Share with us, what your business does? Kahdsole Designs is a leather product manufacturing company that makes quality shoes, belts, bags and other leather accessories. We never compromise on quality and always give the best value for money. What would you like to be remembered for? What legacy do you want to leave in this world? I want to be remembered as someone who massively contributed in changing the narrative about made in Nigeria products by keeping to these three values; quality, integrity and excellence.     What key activities would you recommend entrepreneurs to invest their time in? Effective delegation is one crucial activity I would encourage entrepreneurs to invest their time in. It will save them from burnout in their journey.  Interested in contributing for She Leads Africa? Click here. [mailerlite_form form_id=15]  

5 Tips to Effective Time Management

Time management is one of the most valuable skills you will need in life. We all have 24 hours in a day, but some people get the most out of their time while others don’t. Working as a content marketer has taught me to manage my time wisely. It gets crazy sometimes as projects are thrown your way. Which one do you focus on or delegate? I like this quote from Zig Ziglar: “Lack of direction and not lack of time is the problem. We all have 24 hours in a day.” There are a lot of people juggling multiple jobs and when I ask how they do it, they laugh and say, “It’s not easy.” Below are some simple steps you can take to manage your time wisely: Let’s dive in… Complete the most important tasks first Some people leave the most important for the last. But if you want to be better at time management, you should complete the most important tasks first. This way, even if you fail to get all your work done at the end of the day, you still conclude the day as being a success. Prioritize wisely Group your daily tasks into each category. This will tell you where to spend more time and less time. Important and urgent – tasks that must be done. These, you must do right away! Important but not urgent – tasks that look important but really aren’t. They can wait! Urgent but not important – these are tasks that appear pressing but have little or no value. You can delegate these if you can! Not urgent and not important – these are not urgent and they’re not important either. Learn to say “NO” A lot of us are guilty of this. Out of the goodness of our hearts, it’s almost impossible to say “no”. Want someone to run an errand? They come to you. Need someone to edit and proofread a doc? You’re the go-to girl. Now don’t get me wrong, there’s nothing wrong with helping a colleague BUT, saying yes to everything and everyone eats into your time. It’s okay to decline every now and then. And no, it doesn’t mean you don’t have a heart, it simply means you value your time. Organize Yourself There are so many time management and productivity resources you can utilize. Tools like Asana, Trello and Wunderlist help track and manage your projects. [bctt tweet=”Distractions steal your time. When distractions are managed well, it can lead to a balanced life but when not managed, they can keep you from accomplishing your goals. – Judith Abani” username=”SheLeadsAfrica”] Create a timeline for a particular project I had to learn this. I’ll just dive in and get to work but now I’ve learned to allocate a specific amount of time to a task. Let’s say there’s a blog to write among other things. I tell myself “I’m going to work on this for 2 hours.” What this ‘time constraint’ does is that it pushes you to focus and be more efficient. Time management isn’t something you learn at once. You cultivate it over time. It’s one skill that can help you make the most out of your day. Follow these 5 tips and you’re on your way to working smart. Your turn, What are your best practices for managing your time?    Interested in contributing for She Leads Africa? Click here.